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    Large Hamilton County Recreational Tract Title is generated by Realmo AI

    108 Leggett Road, Sale Creek, TN 37373

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    For Sale
    $810,000

    4704480 sqft land bordering state land and Cumberland Trail.

    Type:Land / Unimproved Land
    Property size:
    4,704,480 SF
    Lot size:
    108.00 Acres
    Price / SF:
    $0.17/SF
    Added:
    Apr 7, 2026
    Days on Market:
    48
    Last Refresh:
    Apr 7 at 8:27 pm

    Property Features for 108 Leggett Road

    General Information

    Standard status
    Active
    Size
    4,704,480 SF
    Lot size
    108.00 Acres
    Property subtype
    Land / Unimproved Land

    We can help!

    Listing Contact
    Brandon Olinger

    Listing agent Brandon Olinger License #315320

    Listing office United Country Real Estate Southeast Land Solutions, LLC

    Listing date Apr 7, 2026

    Source Compass

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of United Country Real Estate Southeast Land Solutions, LLC

    HighLights

    • Direct access to the Rock Creek section of the Cumberland Trail.
    • Borders state land, ensuring expanded access and preservation.
    • Large tract with a blend of privacy and natural beauty, only 25 minutes from downtown Chattanooga.
    • Ideal hunting property with diverse habitat, water sources, and abundant wildlife (deer, turkey).
    • Breathtaking panoramic mountain and valley views with dramatic rock bluffs.
    • Combination of usable ground and rolling topography with natural springs.

    Overview

    This 4704480 square foot tract of land is located in Hamilton County, a 25-minute drive from downtown Chattanooga. The property offers privacy, natural beauty, and recreational opportunities, bordering state land and providing access to the Rock Creek section of the Cumberland Trail. The terrain features usable ground and rolling topography, with rock bluffs and natural springs that provide a water source for wildlife. The property is suited for hunting, with a habitat that supports populations of deer, turkey, and other native game. The location is convenient to the amenities of Chattanooga, making it suitable as a private retreat, hunting getaway, or investment property.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Hotel & Motel Pharmacy Food Market HVAC Service Grocery & Convenience Store Garden Center Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sale Creek
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.111848
    Latitude
    35.382586

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    FAQs

    What type of property is this?
    Recreation land - 4704480 sqft land bordering state land and Cumberland Trail.
    Where is this recreation land located?
    The property is located at 108 Leggett Road Sale Creek, TN.
    What is the asking price?
    The asking price for this property is $810,000.
    What are key features of this property?
    This property features: Direct access to the Rock Creek section of the Cumberland Trail.; Borders state land, ensuring expanded access and preservation.; Large tract with a blend of privacy and natural beauty, only 25 minutes from downtown Chattanooga.
    (423) 314-8362
    We can help!
    Listing Contact
    Brandon Olinger
    Real Estate License ID: 315320
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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